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Old Posted Oct 24, 2017, 10:56 PM
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WhipperSnapper WhipperSnapper is offline
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Join Date: Sep 2002
Location: Toronto+
Posts: 15,550
Quote:
Originally Posted by 1overcosc View Post
Ottawa is seeing an unprecedented boom in new rental construction (both under construction, approved, and in the pipeline) so hopefully growth in rents will stay under control. However, the recent expansion of rent control in the province will likely increase rental rates more aggressively for new leases, as landlords are forced to offset margin loss on existing tenants.
Everyone is seeing unprecedented rental construction. It's raising the overall average price as those units are being released at the highest rates. It's encouraging others to refresh older units with paint, tile and, new fixtures and ask for the same amount.
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